Microstrategy has purchased an additional $1.026 billion worth of bitcoin, raising the total number of bitcoins it has accumulated to about 90,531. Its CEO explained that his company remains focused on its two corporate strategies of growing its enterprise analytics software business and â€œacquiring and holding bitcoin.â€
More Than $2 Billion Worth of Bitcoin Now in Microstrategyâ€™s Treasury Reserves
Microstrategy Inc. announced Wednesday that â€œit had purchased an additional approximately 19,452 bitcoins for approximately $1.026 billion in cash at an average price of approximately $52,765 per bitcoin, inclusive of fees and expenses.â€ The announcement continues:
The company used the proceeds from its $1.05 billion convertible note offering which it completed last week to purchase the additional bitcoins.
The pro-bitcoin CEO Michael Saylor explained that his company â€œremains focused on our two corporate strategies of growing our enterprise analytics software business and acquiring and holding bitcoin.â€
The amount of bitcoin the company holds reaffirms its â€œbelief that bitcoin, as the worldâ€™s most widely-adopted cryptocurrency, can serve as a dependable store of value,â€ Microstrategy explained.
What do you think about all the bitcoins Microstrategy has been buying? Let us know in the comments section below.
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